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@Ronnie. Westworld is also a nice and unpredictable tv show that will be released next year, what do you reckon we begin another round of betting similar to the Game of Thrones hehehe?
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@CrazyLoaf. Is this how desperate we are for hashrate hehehe? I reckon the community should push for Asic friendliness and also have the roadmap on how to transition by the end of this year.
We should learn something from Grin's transition.
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Drugs are often an excuse to make many other things illegal. They kill a lot to "save" people from this terrible menace.
They also mentioned that they were winning the drug war. This is false. The prohibition of drugs has only brought more money, guns and political power to the cartels. The American government, the most powerful government in the world is already 5 decades into the drug war, however, nothing has changed. The amount of drug users has only grown in their country. |
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Would trading baseball cards for basketball cards among sports enthusiasts then also be a taxable event? Yes: You must include in gross income in the year of receipt the fair market value of goods or services received from bartering. Generally the view is that if you barter, swap, or trade, any goods or services, for tax purposes it should be treated as two separate trades - first you initially sell your good for x dollars, and then you immediately buy the other good in question for the same amount. You then have to pay tax on the money received on the initial sell. This is can be complicated further by how much profit you made from selling the original good, how much the price changed while you owned it, how long you have owned it for, etc. I have no doubt swaps and trades happen all the time without people paying tax on them, but as far as the IRS are concerned, they want their cut even if no cash is involved. Crypto is no different. Ok, can I pay them from my collection of NBA basketball cards? There was no cash in the exchange, only cards. If they tax for example they tax me 10% for a trade, will they accept a 10% portion of the card? I reckon this is a government in desperation. It cannot do anything to the cryptospace except lockdown on users on exchanges that have KYC. What can the government do if you personally give me bitcoin for an altcoin? |
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Tom Lee has spoken hehehe. This handsome looking guy appears to be looking more handsome from each dollar growth of bitcoin. Also, he mentioned that everyone is silent about this bull market. I reckon he is talking about the mainstream media. Once mainstream media begins hyping bitcoin, be cautious hehehehe. Having crossed above the $9,000 level on Sunday ahead of Facebook announcing its own cryptocurrency, Libra, bitcoin is now up 146% this year. But that could be just the beginning for its bounce back, says bitcoin bull and Fundstrat Global Advisors’ research chief Tom Lee.
“I think bitcoin is easily going to take out its all-time highs” of $20,000, and has the potential to run to $40,000 if its use cases grow, Lee said Tuesday on CNBC’s “Futures Now.” “We’re deep into a bull market, and people are pretty silent about it.”Read in full https://www.cnbc.com/2019/06/18/bitcoin-is-easily-going-to-take-out-its-all-time-highs-tom-lee.html |
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@mich. No. That is very dangerous. For the sportsbook hehehe. @swogerino. It might be team incompetence. The drivers were only unlucky to be in the team in a period where they cannot produce a winning car. Also, why did James Allison leave for personal reasons and only to return not to Ferrari but to join Mercedes?
Maybe you are right, even Mclaren is suffering from team incompetence but teams like Ferrari ,McLaren and Williams are the biggest names in F1 history so I hope they will be back stronger than ever and we will see a truly competitive F1 Championship that is been years missing in F1. Probably true. Ferrari is nothing since Schumacher left. This is something that we will all agree. But thing this season McLaren starting to look promising after so many years in the dark. But think that they will need to produce good car on this I mean more aerodynamic. Rb is good on this they dont have speed but they produce excellent car on this. Williams is near bankrupt so I dont think we will see them next year if they dont score one point. The improved results and the possibility of success in McClaren's 2018 restructure might show on 2020. That is what they are hyping according to some articles. In any case, can Ferrari again beat Mercedes during qualifying in France? |
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What would stop bitcoin from pumping to $20k this year if there would be hundreds of millions more in liquidations of short positions?
Tom Lee approves FYI that's a picture of tom cruise, not tom lee.  shorts are definitely ripe for squeezing on bitfinex. 25k BTC outstanding, outnumbering longs. it looks like ~7000 of those were added in the $8000s, so those bears must be sweating now. bitmex data is more opaque but i'm guessing trader commitments reflect similar sentiment. If his predictions of new all time highs occur anytime in 2019, I reckon everyone will be looking at him like he was Tom Cruise hehehe. |
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Will Facebook become the biggest financial issuer of a dollar pegged stablecoin and become the Federal Reserve of the internet? I reckon it might if it gets the support of the big American banks, those same banks that helped create the Federal Reserve itself. There is a schism in the cryptocurrency community concerning Facebook’s foray into crypto. While some think that Facebook undermines Satoshi Nakamoto’s vision of a decentralized cryptocurrency, prominent influencers, including Mike Novogratz and Anthony Pompliano, look at the bright side.
On the flip side, major Wall Street players seem to agree that Facebook’s stock will see plenty of love once the company unveils its much-talked-about crypto project.
SunTrust, MoffettNathanson, Bank of America stick with a “buy” rating on Facebook.
MoffettNathanson goes as far as claiming that the Mark Zuckerberg-led company aims to become the biggest e-commerce platform on the planet.
"We believe a Facebook cryptocurrency-based payments system could be especially useful in countries with high inflation/unstable banking systems and for cross-country remittances. So, Facebook’s commerce ambitions do not appear to be limited to developed markets. Rather, Facebook has its eyes set on becoming the world’s leading ecommerce platform as well.”Source https://u.today/wall-street-is-extremely-bullish-on-facebooks-cryptocurrency |
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@o_e_l_e_o. Would trading baseball cards for basketball cards among sports enthusiasts then also be a taxable event? For the lack of laws defining cryptocoins, I reckon they can only be something similar to collectibles.
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@acroman08. I shake my head to these people who use bitcoin for the darknet. Someone should advice the leaders of those drug syndicates in your country to use Monero or they will be sorry.
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What would stop bitcoin from pumping to $20k this year if there would be hundreds of millions more in liquidations of short positions?  Tom Lee approvesTechnical analyst and BLOCKTV reporter Joe Saz says he doubts Bitcoin’s surge is over.
According to Saz, BTC bulls are likely to keep charging after liquidating millions of dollars worth of short positions in the last 24 hours.
“I think that this can keep going. There’s nothing stopping it. I don’t want to go too far into the clouds here, but there might have even been $100 million plus dollars in liquidations overnight…
I saw a lot of $10 million in short liquidations. So what does that mean? It means a lot of people were betting that we were headed down and they got completely smashed in the face. So I don’t recommend to enter any short or long positions.Read in full https://dailyhodl.com/2019/06/16/crypto-analyst-nothing-stopping-bitcoin-after-potential-100-million-in-liquidations/ |
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I thought after all this time that mainstream articles might be a touch less reductive, but it seems there are no signs of it changing yet. It's not as simple as "regulations = price stability", but it's the same thing people have been spouting for years. Why do people expect predictability from something that has no real precedent?
The government uses fear to let their citizens allow themselves to be subjected to laws and regulations that they are not aware are oppressive to them. The government also does it slowly to avoid being noticed that they are turning their citizens into slaves. |
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Make gains on what, however. In bitcoins? America does not have a law defining what bitcoin really is. Is it a commodity or a currency?
In any case, this would be one of the reasons to use anonymous coins. Tax evasion hehehe.
Trading profits, virtual gains, etc. It doesn't matter what Bitcoin 'really' is, what matters is that you can always fit it in the appropriate section of your tax form. I used to use the alternative section for that, but now they specifically mention crypto by referring to it as digital currencies like Bitcoin, which is pretty neat. This causes less confusion and makes it clearer as to what section you should select. I can buy a pair of stinky socks for x amount and sell them for y amount and still be subject to taxation. Anything is pretty much subject to taxation unless stated otherwise. What gains? There are no gains until you sell any cryptocoin for fiat later. Does the American government tax people for paper gains from holding stocks. I reckon no government does, but correct me. Also, will they give tax breaks to people who lost money in the cryptospace hehehe? |
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Conor Mcgregor mentioned that Tyson Fury is presently the best heavyweight fighter. 1 week later, Khabib also mentioned a similar opinion. Dana White also mentioned that he wants to go in the boxing business and revive the heavyweight division.
I reckon we might have another storyboard in development by Dana here hehe.
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Well.. knowing how pesky the IRS can get, I would advice everyone to pay the taxes which are due on any trade from cryptocurrency. It is not that difficult to get the data on daily trade from the exchanges. And even better, some of the exchanges would even calculate the tax liability for you. I am not a big fan of paying taxes... but a confrontation is not something that we need right now.
Agreed. If you're using a centralized exchange and make gains, then definitely make sure to pay due taxes because it's not worth it to later have the IRS point you at it (and when they point you at it they don't do it in a friendly manner). I have a speculative stack of ~10% and a hodl stack of ~90%. My hodl stack hasn't touched an exchange in years and won't be doing so in the forthcoming years. I'm not going to pay one single penny in tax over my hodl stack. My speculative stack is where I do pay tax over the gains and whatnot. It sucks, but there is nothing that can be done against it as long as you keep speculating on centralized exchanges. Make gains on what, however. In bitcoins? America does not have a law defining what bitcoin really is. Is it a commodity or a currency? In any case, this would be one of the reasons to use anonymous coins. Tax evasion hehehe. |
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The answer why they want to do this is in your own thread title. May introduce own crypto hehehe. I reckon the odds are high that they can create the law and pass it. However, the odds are low that they can enforce it. |
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@CrazyLoaf. I reckon Aeon has already moved away from its original vision as a lightweight cryptonote coin. There is not enough developers working on the project. We were lucky to have a code rebase done for easy maintenance and updates by taking from Monero's development.
Is lespristy continuing to work on blockchain radio? Honestly, I do not know how that can help with Aeon's liquidity problems.
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@Febo. No one knows. But clearly the miners have not been selling and might be mining at cost. I reckon this might change once more miners enter Grin?
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@CrazyLoaf. Agreed. But what can we do? Exchanges only list and create liquidity for those coins they like.
Also, Asics will only be a step in the right direction only if we can assure that Aeon has the biggest hashrate of the new algorithm.
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In any case, what is the cause of this pump? The hardfork next month? There is nothing special about it, I reckon.
I can see three reasons. 1) The hardfork is special actually, since it's the first network upgrade of Grincoin. I reckon another pump will follow after the hardfork if everything goes smoothly. Why? Because it proves the team is working on it and they're moving with their schedule. 2) They released a Windows wallet. So far people's only options were to install Linux (in a virtual or physical machine) or keep their funds in exchanges. I'm sure there were many big investors who might have though of buying GRIN but they didn't have Linux nor wanted to bother with Linux. Those people are now able to buy GRIN. 3) With mixer services proving unsafe after all, it was bound that some people would turn to GRIN for its superb anonymity. Bonus) As I have been following this thread for a while, I understand a lot of people were expecting GRIN to fall to 1$ or even less, therefore at least a few people (if not many) were waiting to buy lower. Well... they might have understood that this was too low of a target and they're now FOMO buying. Fomo buying always ends in dumping as fast as the buyers can click hehehe. I might have made a mistake for not buying, however with more than 10% of inflation for the next 10 years and unlimited supply, I want a better price. The inflation is a relative thing. It might look like 10% now and 5% in 2 years (I pulled those numbers from my head, I didn't calculate the actual numbers) but the actual AMOUNT of coins generated are stable. This could either be good or bad. What I mean by that, is that the adoption will dictate if this amount of inflation will drive the price down or up. If the amount of users who hold GRIN increase sooner than expected, then the current inflation won't be enough to satisfy them and the price will increase because of higher demand than supply, that's what I believe we're seeing right now. On the other hand, a stable inflation has the risk of the project not reaching the expected userbase and there be just too many coins for too few people. Call me Mr. Obvious for explaining this but I feel like many people (I don't mean you specifically) only look at the one side of the coin. The market for Grin is small, the supply is unlimited, the inflation is more that 10% for the first 10 years and the pump is caused by speculation. I want a better price. I might be wrong, however, I can always wait after this pump is over. |
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